KYC SOW Analyst (Private Banking)

This role offers you the opportunity to work within a highly respected private banking environment, where your expertise in client onboarding, periodic review, and regulatory compliance will be valued and nurtured. You will play a pivotal part in ensuring that all client accounts meet rigorous standards, while enjoying a supportive team culture that encourages professional growth and knowledge sharing.

What you'll do:

As a KYC Source of Wealth Analyst (Private Banking), you will immerse yourself in the day-to-day operations of the Business Management Review Team.

• Conduct thorough reviews of KYC write-ups for account onboarding and rolling reviews of low and medium risk client accounts, ensuring all documentation meets stringent standards.
• Collaborate closely with Front Office teams to guarantee the accuracy and completeness of KYC information, providing guidance on documentation requirements and source of wealth corroboration.
• Assess identified risk factors comprehensively during risk scoring processes, ensuring all relevant considerations are addressed.
• Identify red flag indicators through initial assessments prior to escalation, maintaining vigilance over potential risks.
• Perform holistic reviews of client transaction histories to confirm alignment with stated account purposes and detect any inconsistencies.
• Evaluate adverse news related to clients, assessing reputational risks that may impact the institution’s standing.
• Monitor periodic review deadlines diligently, providing weekly status updates to stakeholders for transparency and accountability.
• Act as liaison between front sales teams and Compliance/CDD units for client onboarding and rolling review requirements, facilitating smooth communication.
• Ensure strict adherence to policies including Compliance, KYC requirements, Due Diligence, AML regulations by Relationship Managers.
• Offer guidance and support to junior team members, nurturing their development within the business management function.

What you bring:

Your background as a KYC and Source of Wealth Analyst Private Banking will reflect substantial experience in anti-money laundering procedures specific to private banking.

• At least 3 - 6 years of proven AML experience within private banking environments is highly advantageous for this role.
• Comprehensive understanding of wealth management practices alongside relevant regulatory frameworks is essential.
• Direct experience in client onboarding processes or periodic KYC reviews involving high net worth clients is required.
• Excellent communication skills with strong command of English are necessary for effective interaction across teams.
• Demonstrated track record in supervising teams or mentoring junior staff members within business management functions.
• Effective teamwork skills enabling you to interact, negotiate, and communicate seamlessly across local and regional offices.
• Ability to interpret new regulations collaboratively with compliance teams and recommend relevant process changes when needed.
• Experience participating in major system upgrades or workflow implementations within financial institutions is beneficial.
• Strong interpersonal abilities allowing you to liaise between front sales teams and compliance/CDD units efficiently.

What sets this company apart:

This international wealth management institution stands out for its unwavering dedication to compliance excellence and its supportive leadership approach. Its inclusive culture ensures that diverse perspectives are welcomed—creating an environment where everyone feels connected through shared goals. The company’s commitment to nurturing talent means you’ll always have access to guidance from knowledgeable colleagues who value collaboration above hierarchy. With generous support networks spanning multiple regions, this institution provides an ideal setting for those seeking both professional growth and communal success within private banking.

What's next:

If you are ready to take your expertise in KYC analysis and private banking AML processes into a collaborative environment where your contributions matter every day—apply now!

Apply today by clicking on the link provided.

Do note that we will only be in touch if your application is shortlisted.
Robert Walters (Singapore) Pte Ltd
ROC No.: 199706961E | EA Licence No.: 03C5451
EA Registration No.: R25132560 Madiha Binti Md Ridza